Jefferies Raises Price Target for Shoals Technologies Group, Inc. (SHLS) as BESS Business Surges

Shoals Technologies Group, Inc. (NASDAQ:SHLS) is among the most undervalued solar stocks to buy now. Jefferies has reiterated its ‘Buy’ rating on Shoals Technologies Group, Inc. (NASDAQ:SHLS), while raising the price target to $9.00 from $6.00, reflecting a surge of nearly 30.63% from the current price.

This confidence in the company’s operations is fueled by the growing popularity of the battery energy storage systems (BESS) business, enhanced performance from its core OEM segment, and expansion into Australia and Latin America.

Earlier on September 11, 2025, Shoals Technologies Group, Inc. (NASDAQ:SHLS) received a new U.S. patent (‘295 patent) for its Big Lead Assembly (BLA) wiring solution. This attempt to expand the company’s intellectual property portfolio adds to the current infringement lawsuit against Voltage, LLC in North Carolina.

As stated by Brandon Moss, the Director and CEO of Shoals Technologies Group, Inc. (NASDAQ:SHLS),

“It not only safeguards our proprietary BLA technology but also reinforces our leadership in the U.S. solar market. By protecting our intellectual property, we’re ensuring fair market dynamics so customers can trust the quality of the solutions they deploy on energy projects.”

Shoals Technologies Group, Inc. (NASDAQ:SHLS) is a Tennessee-based provider of EBOS solutions and components. Founded in 1996, the company serves a diverse clientele, including charge point operators, independent power producers, and construction firms.

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Disclosure: None.